BCB Bancorp, the holding company for New Jersey-based BCB Community Bank, named Michael A. Shriner president and CEO of BCB Bancorp and BCB Community Bank, effective Jan. 1. The company’s retiring president and CEO, Thomas M. Coughlin, will continue to serve on the company’s board of directors.
Shriner, a 35-year veteran of banking, was formerly president and CEO of Millington, New Jersey-based MSB Financial Corp. and Millington Bank prior to being acquired by Kearny Bank. Under his leadership, he converted Millington Bank from a mutual holding company structure to a fully public institution through a Second Step Conversion. Shriner joined Millington Bank in 1987 and held various commercial and corporate banking positions, including that of chief operating officer and board member prior to his promotion to president and CEO in 2012. Most recently, he held the role of market president for Kearny Bank, where he transitioned legacy Millington Bank customers to Kearny Bank following the merger acquisition.
“Michael Shriner’s success in leading a growing franchise will most certainly be an asset to our management team as BCB continues to expand,” Mark D. Hogan, chairman of the board at BCB, said. “His knowledge of banking, finance, credit administration and risk management is exceptional. Michael has an established record of building a high-performance banking culture and results-driven profitability management. The board and management are excited about the expertise, energy and professionalism that Michael brings to our organization.”
“BCB is committed to providing superior banking services to businesses and individuals in the community. I am excited to join and lead a team of professionals that delivers that commitment,” Shriner said. “I am confident we are building a great team that is capable of growing our business banking model and maximizing shareholder returns as we capitalize on opportunities taking place within the banking industry.”
Coughlin has been with the bank since its inception, most recently serving as president and CEO of BCB Community Bank and BCB Bancorp since 2014. Believing that Bayonne was underserved by community banks, Coughlin, along with the support of local investors, founded Bayonne Community Bank in 2000.
“Tom Coughlin’s leadership and dedication are evident in the success BCB has experienced during his tenure,” Hogan said. “On behalf of the board of directors, I want to express our sincere appreciation to Tom for the leadership and guidance that he has provided.”
“It is an honor to have served BCB for almost 23 years,” Coughlin said. “Throughout my career, I have been fortunate to work with an outstanding group of banking professionals, and I am extremely proud of what we have accomplished together. BCB Bank has always maintained a strong commitment to serve our customers, communities, shareholders and employees.”
